My macbook pro and a decent USB microphone can produce far more professional demos than the Beatles could produce in 1964. If you listen to, say, the Lost Lennon Tapes, a high-school student can do higher-quality production today, based purely on youtube how-to videos.
Sufficient for a pro album ready for radio play? Probably not. But good enough to monetize on youtube? All day long.
Sufficient for a pro album ready for radio play? Probably not. But good enough to monetize on youtube? All day long.